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by dllthomas
4532 days ago
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Wikipedia says: "Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households." Fewer than 5% of Americans make more than 250k/yr. So either that is not the cut-off for middle class, or a huge percentage of the former middle class is now lower class. |
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Perhaps in the US it's the middle class includes the working class but in my estimation middle class means you still derive most of your income from working but you own a decent portion of the means of production.
If the middle class means households making 100K then I would estimate that a couple working as tech support and a caregiver are middle class rather than working class.
To me it works like this:
eg. My mom was a phone operator, my dad was a mechanic, they're working class despite making more than $100K inflation adjusted.